Industrialization Lessons from BRICS

Industrialization Lessons from BRICS PDF Author: Wim Naudé
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description

Industrialization Lessons from BRICS

Industrialization Lessons from BRICS PDF Author: Wim Naudé
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


Structural Change and Industrial Development in the BRICS

Structural Change and Industrial Development in the BRICS PDF Author: Wim Naudé
Publisher: OUP Oxford
ISBN: 0191038172
Category : Business & Economics
Languages : en
Pages : 523

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Book Description
This book provides a unique and timely analysis of the role of structural change in the economic development of Brazil, Russia, India, China, and South Africa (BRICS) with a consideration for the role of industry, and in particular manufacturing. The emergence of BRICS reflects an ongoing change in the international economic order. BRICS now account for very substantial part of global GDP, global manufactured value added and global manufactured exports. The book examines their economic experiences and structural change in BRICS over the past three decades, identifying both differences and commonalities, and deriving lessons for other industrializing countries. Section I contains comparative studies focusing on the commonalities and differences of the experiences of BRICS. Section II includes six country studies providing a more detailed analysis of the long-run experiences of each of the countries. Section III consists of a set of seven thematic studies focusing on specific topics such as global value chains, the role of transnational corporations in the food chain, the role of foreign versus domestic investment, the role of domestic versus foreign demand in economic growth the diffusion of environmental energy technology and the similarities, and the differences in industrial policies pursued in the five countries. The book contains a summary chapter that provides an integrated perspective of the various contributions from the point of view of poverty reduction and development. It asks, whether the patterns of structural change and industrial development that BRICS experienced, had an impact on poverty outcomes, and if so, what where the channels and the consequences?

Technology Transfer and Business Partnerships in BRICS

Technology Transfer and Business Partnerships in BRICS PDF Author: Zandi Lesame
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
The purpose of this paper is to describe explore and describe the emerging economic and political relations that are emerging between the Republic of South Africa and the BRIC (Brazil, Russia, India, China) countries. South Africa joined the Brazil, Russia, India and China (BRIC) group in 2010 and the group subsequently became known as BRICS. The organization hosts annual summits to seek common ground on areas of collaboration and convergence for these major economies, for example in the fields of computing, telecommunications and transport technology through public-private partnerships (PPPs) for business initiatives and interventions. This paper is descriptive and analytic in nature, providing background on economic relations and inequalities existing between the BRICS countries, identifying international partners participating in selected business transactions and stating economic benefits derived by South Africa from these partnerships. It also provides some details of the economic deliberations and partnerships established at the 5th BRICS Summit held in South Africa in 2013, and mentions other BRICS business partnerships entered into in the first half of 2014; especially in innovation and technological advancement of South Africa as a developmental state. The research methodology applied to collect data about this topic is qualitative in nature, the research method being secondary analyses of media content published or broadcast in national media (especially online and traditional newspapers, online videos and television broadcasts) about the BRICS PPPs. A semiotic analysis of the online media was undertaken, where government and business officials involved with BRICS commented about BRICS goals, purposes, programmes and activities. Data analysis involved identification of discussion themes raised by these officials in the data gathered, a discussion and commentary on the issues raised, and an interpretation of and scholarly reflection on these issues by making use of international relations theory. This paper compares the South African economic indicators (e.g. ICT policy) and the status of the country to those of the other BRICS nations, with the main purpose of pointing out the hard facts and deficiencies about South Africa, highlighting the political (or government) leadership and developmental challenges that South Africa has to surmount in order to achieve the developmental heights that have been achieved by her BRIC counterparts which are developmentally more advanced than South Africa. Research results indicate that arising trade and political challenges and frictions are resolved through negotiation and win-win solutions. Additionally, manufacturing initiatives between the BRICS group are regarded as complementary and not competitive. This complementary nature of decision-making is instrumental in specific sectors such as the transport or automobile sectors and ensures job creation in all the countries involved in a project. Infrastructure development projects, such as the development of the inadequate South African telecommunications infrastructure, also assist South Africa with regard to the creation of job opportunities, thus contributing to the reduction of the high unemployment rate. Education (and health) projects between China and South Africa and the improvement of the low South African literacy levels. Against this background, the paper concludes that there are visible economic benefits that South Africa derives from her association with the BRIC group. These benefits could be extended to other African countries through new business partnerships, mergers and empowerment projects since South Africa is regarded as a business gateway to Africa. BRICS is also viewed as representing less dependence of emerging economies on the developed, rich countries in future. This paper was submitted for to an international journal for publication but the author envisages sharing knowledge with other scholars at a conference as a learning curve and academic development.

Efficiency, Finance, and Varieties of Industrial Policy

Efficiency, Finance, and Varieties of Industrial Policy PDF Author: Akbar Noman
Publisher: Columbia University Press
ISBN: 0231542771
Category : Business & Economics
Languages : en
Pages : 527

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Book Description
Industrial policy, once relegated to resource allocation, technological improvements, and the modernization of industries, should be treated as a serious component of sustainability and developmental economics. A rich set of complimentary institutions, shared behavioral norms, and public policies have sustained economic growth from Britain's industrial revolution onwards. This volume revisits the role of industrial policy in the success of these strategies and what it can offer developed and developing economies today. Featuring essays from experts invested in the expansion of industrial policies, topics discussed include the most effective use of industrial policies in learning economies, development finance, and promoting investment in regional and global contexts. Also included are in-depth case studies of Japan and India's experience with industrial policy in the banking and private sector. One essay revisits the theoretical and conceptual foundations of industrial policy from a structural economics perspective and another describes the models, packages, and transformation cycles that constitute a variety of approaches to implementation. The collection concludes with industrial strategies for facilitating quality growth, realizing more sustainable manufacturing development, and encouraging countries to industrialize around their natural resources.

The BRICS and Coexistence

The BRICS and Coexistence PDF Author: Cedric de Coning
Publisher: Routledge
ISBN: 1317659643
Category : Political Science
Languages : en
Pages : 189

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Book Description
The grouping consisting of Brazil, Russia, India and China (BRIC) was initially meant to be nothing more than clever investment jargon referring to the largest and most attractive emerging economies. However, these countries identified with the BRIC concept, and started to meet annually as a group in 2008. At their fourth summit in 2011, they added South Africa to become the BRICS. By then the BRICS had fully morphed from investment jargon to a name for a new economic and political grouping that had the potential to challenge the unipolar hegemony of the United States and its Western allies. This work analyses the extent to which the concept of coexistence explains the individual foreign policies of the BRICS countries. The editors define coexistence as a strategy that promotes the establishment of a rule-based system for co-managing the global order. It recognizes that different states may legitimately pursue their own political and economic interests, but they have to do so within the bounds of a rule-based international system that ensures the peaceful coexistence of states. The BRICS and Coexistence addresses the political dimension of the emergence and influence of the BRICS in the international system and will be of interest to students and scholars of Politics, Development and International Relations.

The Oxford Handbook of Industrial Policy

The Oxford Handbook of Industrial Policy PDF Author: Arkebe Oqubay
Publisher: Oxford University Press, USA
ISBN: 0198862423
Category : Business & Economics
Languages : en
Pages : 981

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Book Description
Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives, and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.

BRICS or Bust?

BRICS or Bust? PDF Author: Hartmut Elsenhans
Publisher: Stanford University Press
ISBN: 1503604918
Category : Business & Economics
Languages : en
Pages : 104

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Book Description
Once among the fastest developing economies, growth has slowed or stalled in Brazil, Russia, India, China, and South Africa. What policies can governments enact to jump-start the rise of these middle-income countries? Hartmut Elsenhans and Salvatore Babones argue that economic catch-up requires investment in the productivity of ordinary citizens. Diverging from the popular narrative of increased liberalization, this book argues specifically for direct government investment in human infrastructure; policies that increase wages and the bargaining power of labor; and the strategic use of exchange rates to encourage export-led growth. These measures raise up the majority and finance future productivity by driving broader consumption and fostering investment within national borders. Though strategies like full employment, mass education, and progressive taxation are not especially controversial, none of the BRICS have truly embraced them. Examining barriers to implementation, Elsenhans and Babones find that the main obstacle to such reforms is an absence of political will, stemming from closely guarded elite privilege under the current laws. BRICS or Bust? is a short, incisive read that underscores the need for demand-driven growth and why it has yet to be achieved.

The Palgrave Handbook of African Political Economy

The Palgrave Handbook of African Political Economy PDF Author: Samuel Ojo Oloruntoba
Publisher: Springer Nature
ISBN: 3030389227
Category : Political Science
Languages : en
Pages : 1099

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Book Description
This handbook constitutes a specialist single compendium that analyses African political economy in its theoretical, historical and policy dimensions. It emphasizes the uniqueness of African political economy within a global capitalist system that is ever changing and complex. Chapters in the book discuss how domestic and international political economic forces have shaped and continue to shape development outcomes on the continent. Contributors also provoke new thinking on theories and policies to better position the continent’s economy to be a critical global force. The uniqueness of the handbook lies in linking theory and praxis with the past, future, and various dimensions of the political economy of Africa.

The BRICS Report

The BRICS Report PDF Author: BRICS,
Publisher: OUP India
ISBN:
Category : Business & Economics
Languages : en
Pages : 212

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Book Description
Written by experts and scholars from BRICS countries, with the support of BRICS governments, this is the first study to reflect on the capabilities and synergies of these economies. The report emphasizes best practices, areas of cooperation, and strengthening economic links so that BRICS can collectively play a central role in the post-crisis global economy.

Developmental Integration and Industrialisation in Southern Africa

Developmental Integration and Industrialisation in Southern Africa PDF Author: Siphumelele Duma
Publisher: UJ Press
ISBN: 1776436008
Category : Political Science
Languages : en
Pages : 194

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Book Description
Since the beginning of decolonisation in Africa, regional integration has become one of the most potent defining characteristics of the continent’s quest for industrialisation and sustainable development. It was understood that the individual continental economies could not achieve the requisite level of industrial development to meet their respective development objectives due to the colonial policy of balkanisation, which divided the continent into small, economically unviable units. In 1992, the Southern African Development Community (SADC) adopted developmental integration, an approach to regional integration to engender industrialisation and address the region’s development challenges. This book offers a critical assessment and examination of this approach as to how it has influenced the industrialisation process in Southern Africa. If so, why has it failed to accelerate the region’s industrialisation and structural transformation process? It contributes significantly to cross-cutting development debates on the African continent, particularly in southern Africa. More importantly, in understanding the nexus between developmental integration and industrialisation.